The proposed bill establishes a tax credit program in Florida for resilient buildings that meet specific Leadership in Energy and Environmental Design (LEED) certifications. Building owners can apply for a one-time tax credit by submitting their application to the Department of Business and Professional Regulation by March 1 of the year following their certification. The bill outlines the application requirements, including documentation of LEED certification and an annual commitment to report energy use data. Tax credit amounts vary based on the level of LEED certification and can be claimed for up to five years, with provisions for carrying forward or transferring any unused credits.

Additionally, the bill creates the Florida Resilient Building Advisory Council to enhance resilient building practices and hurricane resiliency, comprising members from educational institutions and stakeholders in resilient building design. The council will receive administrative assistance and the Department of Revenue will share information related to s. 220.197 with the Department of Business and Professional Regulation under a confidentiality agreement. The bill also modifies the order of tax credits applied against corporate income and franchise taxes, updates the definition of adjusted federal income, and includes a sunset clause for repeal on October 2, 2028, unless reenacted by the Legislature. The act is set to take effect on July 1, 2025.

Statutes affected:
S 62 Filed: 213.053, 220.02, 220.13
S 62 c1: 213.053, 220.02, 220.13